CBL & Associates Properties, Inc. (CBL)

Analysis: Growth Rates Industry: REIT - Retail Sector: Real Estate Live Price: $36.15

Enterprise Value

Metric / Stat	3Y	5Y	10Y	15Y	20Y	25Y	30Y
Stock Price
Avg YoY	13.12%	1.05%	0.47%	0.30%	0.22%	0.18%	0.15%
Slope	12.35%	-2.88%	-1.59%	-0.82%	-0.50%	-0.33%	-0.24%
CAGR	12.88%	-0.50%	-0.22%	-0.14%	-0.10%	-0.08%	-0.07%
LSR	12.88%	-2.81%	-1.69%	-0.90%	-0.55%	-0.37%	-0.26%
Market Capitalization
Avg YoY	13.01%	4.29%	0.66%	0.43%	0.49%	0.49%	0.49%
Slope	12.25%	-0.49%	-1.68%	-0.96%	-0.51%	-0.43%	-0.43%
CAGR	12.78%	2.47%	-0.24%	-0.15%	0.06%	0.08%	0.08%
LSR	12.78%	-0.50%	-1.77%	-1.03%	-0.56%	-0.48%	-0.48%
(-) Cash & Equivalents
Avg YoY	-2.99%	63.30%	39.36%	23.02%	19.24%	18.80%	18.80%
Slope	-6.58%	19.70%	25.88%	12.54%	4.23%	4.06%	4.06%
CAGR	-5.92%	41.93%	22.23%	9.54%	5.89%	6.11%	6.11%
LSR	-5.92%	33.31%	34.50%	9.59%	1.56%	1.42%	1.42%
(+) Total Debt
Avg YoY	1.57%	93.08%	502.17%	346.98%	244.66%	233.21%	233.21%
Slope	0.89%	31.96%	25.76%	10.53%	-3.84%	-3.72%	-3.72%
CAGR	0.86%	38.06%	11.14%	—	0.35%	1.54%	1.54%
LSR	0.86%	50.29%	63.94%	—	—	—	—
Enterprise Value
Avg YoY	4.64%	28.24%	13.66%	15.78%	7.94%	8.42%	8.42%
Slope	4.14%	20.25%	11.96%	4.51%	-2.47%	-2.37%	-2.37%
CAGR	4.09%	21.30%	6.30%	9.04%	0.22%	1.02%	1.02%
LSR	4.09%	24.74%	12.14%	3.91%	-2.27%	-2.32%	-2.32%

Income Statement

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Revenue
Avg YoY	-4.30%	-2.71%	-7.35%	-4.83%	-3.35%
Slope	-4.41%	-2.93%	-9.14%	-5.72%	-2.04%
CAGR	-4.31%	-2.73%	-7.65%	-5.09%	—
LSR	-4.31%	-2.92%	-8.68%	-6.01%	—
Cost of Revenue
Avg YoY	-4.40%	-1.69%	-5.02%	-4.56%	115.30%
Slope	-4.49%	-1.44%	-5.99%	-5.19%	-0.99%
CAGR	-4.42%	-1.74%	-5.20%	-4.75%	—
LSR	-4.42%	-1.46%	-5.77%	-5.16%	—
Gross Profit
Avg YoY	-4.23%	-3.19%	-7.57%	-4.42%	-3.02%
Slope	-4.37%	-3.69%	-10.40%	-5.72%	-1.78%
CAGR	-4.25%	-3.22%	-8.69%	-5.27%	—
LSR	-4.25%	-3.64%	-10.06%	-6.26%	—
Gross Margin
Avg YoY	0.07%	-0.49%	-0.60%	0.18%	0.13%
Slope	0.06%	-0.75%	-1.50%	-0.24%	1.64%
CAGR	0.06%	-0.50%	-1.13%	-0.18%	—
LSR	0.06%	-0.75%	-1.51%	-0.27%	—
SG&A Expenses
Avg YoY	0.15%	6.67%	1.53%	3.80%	3.61%
Slope	0.03%	6.47%	0.56%	2.44%	4.08%
CAGR	0.03%	5.92%	0.89%	3.18%	—
LSR	0.03%	6.85%	0.50%	2.56%	—
Operating Expenses
Avg YoY	-19.89%	99.85%	114.03%	76.08%	102.09%
Slope	-22.16%	3.60%	-9.85%	-4.18%	4.35%
CAGR	-19.91%	-6.25%	-9.16%	-3.75%	—
LSR	-19.91%	11.25%	-8.71%	-6.00%	—
Operating Income (EBIT)
Avg YoY	70.36%	59.53%	-11.76%	-6.66%	-5.33%
Slope	47.00%	-14.80%	-15.32%	-11.63%	-6.00%
CAGR	67.94%	2.78%	-11.82%	-7.09%	—
LSR	67.94%	-10.07%	—	—	—
Operating Margin
Avg YoY	78.22%	63.42%	-10.96%	-6.00%	-5.15%
Slope	50.54%	-11.77%	-2.59%	-5.70%	-2.81%
CAGR	75.50%	5.67%	-4.52%	-2.10%	—
LSR	75.50%	-7.37%	—	—	—
Interest Income
Avg YoY	93.17%	28.78%	54.44%	23.55%	23.55%
Slope	47.75%	39.55%	36.94%	-18.25%	-2.73%
CAGR	78.38%	25.20%	—	—	—
LSR	78.38%	—	—	—	—
Interest Expense
Avg YoY	-15.55%	-43.70%	-33.45%	-46.76%	-45.97%
Slope	-17.31%	5.40%	23.45%	14.98%	50.12%
CAGR	-15.69%	-6.33%	—	—	—
LSR	-15.69%	—	—	—	—
Net Interest Income
Avg YoY	-18.96%	-45.97%	-35.61%	-72.88%	-65.66%
Slope	21.62%	-3.45%	-22.81%	-25.54%	-92.98%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Income / Expense
Avg YoY	-22.24%	-13.25%	49.03%	-44.53%	-193.79%
Slope	26.20%	32.28%	-9.65%	-7.02%	-8.00%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Unusual Items
Avg YoY	-22.24%	-13.25%	49.03%	-44.53%	-193.79%
Slope	-26.20%	-32.28%	9.65%	7.02%	8.00%
CAGR	-22.63%	-23.80%	2.92%	-1.91%	—
LSR	-22.63%	-29.84%	12.66%	—	—
EBT excl. Unusual
Avg YoY	-41.32%	-20.97%	-78.32%	-130.95%	-117.37%
Slope	52.38%	43.35%	-16.20%	-18.10%	-16.84%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Pre-Tax Income
Avg YoY	607.64%	308.08%	125.24%	92.77%	19.05%
Slope	678.78%	70.31%	-43.83%	-717.87%	-74.83%
CAGR	—	—	-14.81%	-3.17%	—
LSR	—	—	—	—	—
Pre-Tax Margin
Avg YoY	634.68%	321.60%	142.18%	103.85%	26.62%
Slope	838.97%	71.39%	-26.52%	-75.11%	-120.37%
CAGR	—	—	-7.76%	2.02%	—
LSR	—	—	—	—	—
Income Tax Expense
Avg YoY	-26.48%	-86.39%	3,227.05%	1,976.32%	1,503.08%
Slope	-60.38%	-75.81%	19.32%	-4.33%	-11.66%
CAGR	-41.46%	-49.97%	—	—	—
LSR	-41.46%	—	—	—	—
Net Income
Avg YoY	346.93%	179.93%	86.98%	68.98%	11.94%
Slope	817.70%	70.71%	-32.15%	-249.92%	-363.84%
CAGR	—	—	-6.05%	-0.37%	—
LSR	—	—	—	—	—
Net Margin
Avg YoY	363.98%	188.46%	103.58%	79.75%	19.49%
Slope	1,066.77%	71.90%	-21.88%	-54.26%	-57.37%
CAGR	—	—	1.73%	4.97%	—
LSR	—	—	—	—	—
Depreciation & Amortization
Avg YoY	-98.75%	-48.87%	-19.54%	-4.80%	3.71%
Slope	-316.75%	-69.06%	-13.60%	0.13%	5.51%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
EBITDA
Avg YoY	-62.39%	-29.94%	-8.00%	-2.49%	80.91%
Slope	-135.02%	-43.26%	-14.29%	-6.17%	-1.49%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
EBITDA Margin
Avg YoY	-60.15%	-28.55%	4.57%	5.73%	4.68%
Slope	-138.00%	-43.08%	-6.06%	-1.08%	1.82%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
NOPAT
Avg YoY	70.36%	59.53%	-11.76%	-6.66%	-5.33%
Slope	47.00%	-14.80%	-15.32%	-11.63%	-6.00%
CAGR	67.94%	2.78%	-11.82%	-7.09%	—
LSR	67.94%	-10.07%	—	—	—
NOPAT Margin
Avg YoY	78.22%	63.42%	-10.96%	-6.00%	-5.15%
Slope	50.54%	-11.77%	-2.59%	-5.70%	-2.81%
CAGR	75.50%	5.67%	-4.52%	-2.10%	—
LSR	75.50%	-7.37%	—	—	—
Owner's Earnings
Avg YoY	-410.82%	-194.35%	283.81%	183.54%	149.47%
Slope	-335.31%	31.22%	-9.40%	9.60%	9.33%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Owner's Earnings Margin
Avg YoY	-422.35%	-200.30%	325.99%	210.54%	180.81%
Slope	-313.26%	27.67%	-16.87%	2.04%	3.40%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
EPS (Basic)
Avg YoY	352.87%	200.59%	96.91%	73.35%	21.55%
Slope	757.40%	86.96%	-24.40%	-156.89%	-110.20%
CAGR	—	—	13.58%	10.88%	—
LSR	—	—	—	—	—
EPS (Diluted)
Avg YoY	352.03%	206.92%	96.24%	72.92%	21.29%
Slope	754.20%	86.45%	-25.10%	-177.84%	-101.17%
CAGR	—	—	13.56%	10.87%	—
LSR	—	—	—	—	—
Shares (Basic)
Avg YoY	1.46%	-20.04%	-9.01%	-4.25%	1.94%
Slope	1.40%	-48.07%	-13.94%	-5.38%	0.55%
CAGR	1.42%	-34.59%	-17.28%	-10.15%	-3.66%
LSR	1.42%	-39.78%	-19.63%	-9.52%	-1.23%
Shares (Diluted)
Avg YoY	1.55%	-22.78%	-8.85%	-4.16%	1.83%
Slope	1.49%	-50.53%	-13.61%	-5.16%	0.64%
CAGR	1.51%	-36.49%	-17.27%	-10.14%	-3.82%
LSR	1.51%	-41.18%	-19.57%	-9.40%	-1.21%

Product Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Management Developmentand Leasing Fees
Avg YoY	1.67%	134.06%	134.06%	134.06%	134.06%
Slope	1.53%	36.35%	36.35%	36.35%	36.35%
CAGR	1.57%	46.12%	46.12%	46.12%	46.12%
LSR	1.57%	64.72%	64.72%	64.72%	64.72%
Marketing
Avg YoY	3.24%	126.16%	126.16%	126.16%	126.16%
Slope	1.51%	31.59%	31.59%	31.59%	31.59%
CAGR	1.62%	29.05%	29.05%	29.05%	29.05%
LSR	1.62%	50.95%	50.95%	50.95%	50.95%
Operating Expense Reimbursements
Avg YoY	-0.48%	150.50%	150.50%	150.50%	150.50%
Slope	-0.96%	30.07%	30.07%	30.07%	30.07%
CAGR	-0.92%	75.69%	75.69%	75.69%	75.69%
LSR	-0.92%	64.35%	64.35%	64.35%	64.35%
Product and Service, Other
Avg YoY	4.56%	103.04%	103.04%	103.04%	103.04%
Slope	1.92%	28.01%	28.01%	28.01%	28.01%
CAGR	1.80%	60.64%	60.64%	60.64%	60.64%
LSR	1.80%	49.96%	49.96%	49.96%	49.96%
Product And Service Other
Avg YoY	-55.21%	-55.21%	-55.21%	-55.21%	-55.21%
Slope	-76.26%	-76.26%	-76.26%	-76.26%	-76.26%
CAGR	-55.21%	-55.21%	-55.21%	-55.21%	-55.21%
LSR	—	—	—	—	—
Associated Centers
Avg YoY	49.33%	23.35%	13.75%	13.75%	13.75%
Slope	36.53%	14.50%	5.69%	5.69%	5.69%
CAGR	39.86%	16.70%	8.77%	8.77%	8.77%
LSR	39.86%	12.48%	4.05%	4.05%	4.05%
Malls
Avg YoY	-5.35%	-2.80%	-3.91%	-3.91%	-3.91%
Slope	-5.49%	-2.36%	-3.34%	-3.34%	-3.34%
CAGR	-5.41%	-2.87%	-3.97%	-3.97%	-3.97%
LSR	-5.41%	-2.39%	-3.28%	-3.28%	-3.28%
All Other
Avg YoY	-19.38%	-4.92%	-10.18%	-10.18%	-10.18%
Slope	-22.13%	-7.19%	-9.77%	-9.77%	-9.77%
CAGR	-19.59%	-6.24%	-11.88%	-11.88%	-11.88%
LSR	-19.59%	-7.49%	-9.44%	-9.44%	-9.44%
Community Centers
Avg YoY	-2.95%	8.69%	0.00%	0.00%	0.00%
Slope	-3.40%	5.72%	1.01%	1.01%	1.01%
CAGR	-3.47%	7.13%	-2.99%	-2.99%	-2.99%
LSR	-3.47%	6.57%	1.44%	1.44%	1.44%

Geographic Segments

Metric / Stat	3Y	5Y	10Y	15Y	20Y
All Other
Avg YoY	-28.57%	177.59%	83.03%	71.60%	71.60%
Slope	-34.03%	26.99%	23.59%	20.53%	20.53%
CAGR	-32.60%	31.22%	15.26%	9.45%	9.45%
LSR	-32.60%	53.95%	23.18%	17.80%	17.80%

Balance Sheet

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Cash & Cash Equivalents
Avg YoY	-2.99%	63.30%	39.36%	23.02%	19.24%
Slope	-6.58%	19.70%	25.88%	12.54%	4.23%
CAGR	-5.92%	41.93%	22.23%	9.54%	5.89%
LSR	-5.92%	33.31%	34.50%	9.59%	1.56%
Short-Term Investments
Avg YoY	-10.09%	321.38%	321.38%	321.38%	216.03%
Slope	-10.86%	43.16%	40.77%	31.41%	21.60%
CAGR	-10.17%	—	—	—	—
LSR	-10.17%	—	—	—	—
Cash & Short-Term Investments
Avg YoY	-9.38%	239.24%	117.56%	73.29%	79.38%
Slope	-10.30%	39.33%	38.01%	27.10%	16.80%
CAGR	-9.60%	130.53%	51.63%	25.83%	17.27%
LSR	-9.60%	128.90%	76.22%	26.04%	9.07%
Net Receivables
Avg YoY	-37.25%	117.47%	53.38%	36.11%	20.26%
Slope	-82.79%	7.71%	21.64%	17.18%	7.31%
CAGR	-53.56%	29.85%	13.09%	—	2.64%
LSR	-53.56%	22.39%	23.07%	—	—
Inventory
Avg YoY	—	—	8,260.37%	8,260.37%	8,260.37%
Slope	—	—	42.50%	5.39%	-4.49%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Current Assets
Avg YoY	39.99%	-6.67%	-0.98%	-0.32%	-7.94%
Slope	28.90%	54.90%	35.02%	24.47%	-18.51%
CAGR	29.88%	98.33%	34.85%	—	—
LSR	29.88%	—	—	—	—
Total Current Assets
Avg YoY	-9.46%	171.57%	-374.67%	-229.10%	189.24%
Slope	-15.87%	35.69%	140.17%	58.32%	-14.18%
CAGR	-13.53%	90.74%	38.09%	31.04%	13.79%
LSR	-13.53%	92.29%	—	—	—
Property, Plant & Equipment
Avg YoY	—	-100.00%	-25.83%	-17.07%	-19.31%
Slope	—	-100.00%	-28.08%	-11.17%	-13.11%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Goodwill
Avg YoY	—	—	-50.46%	-50.46%	-50.46%
Slope	—	—	32.83%	1.12%	-6.89%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Intangible Assets
Avg YoY	8.45%	440.40%	186.36%	111.62%	88.40%
Slope	8.14%	43.04%	37.06%	21.85%	11.13%
CAGR	8.41%	180.63%	42.17%	13.44%	—
LSR	8.41%	158.37%	56.86%	14.28%	—
Long-Term Investments
Avg YoY	2.66%	60.77%	32.73%	24.43%	22.00%
Slope	2.40%	8.29%	5.48%	2.67%	2.27%
CAGR	2.37%	0.02%	4.43%	5.37%	—
LSR	2.37%	14.71%	4.32%	1.77%	—
Tax Assets
Avg YoY	—	—	23,631.03%	18,884.83%	11,817.44%
Slope	—	—	-30.89%	0.25%	12.20%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Non-Current Assets
Avg YoY	3.64%	1,244.97%	-1,279.16%	-1,092.35%	-295.02%
Slope	2.96%	44.70%	130.54%	176.09%	41.66%
CAGR	2.89%	300.59%	86.48%	—	—
LSR	2.89%	254.86%	—	—	—
Other Assets
Avg YoY	—	—	-37.95%	-53.46%	-55.07%
Slope	—	—	30.88%	-0.06%	-4.54%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Non-Current Assets
Avg YoY	4.23%	87.47%	110.22%	418.67%	264.90%
Slope	3.73%	31.28%	21.23%	9.32%	3.39%
CAGR	3.67%	34.56%	7.80%	24.93%	—
LSR	3.67%	47.26%	32.69%	14.66%	—
Total Assets
Avg YoY	0.83%	95.70%	74.06%	236.04%	8.64%
Slope	-0.24%	32.12%	30.19%	12.53%	-2.05%
CAGR	-0.23%	39.61%	9.95%	25.77%	—
LSR	-0.23%	51.32%	—	—	—
Accounts Payable
Avg YoY	—	-100.00%	-23.74%	-19.03%	-19.03%
Slope	—	-100.00%	-26.68%	-4.79%	4.83%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Short-Term Debt
Avg YoY	—	—	—	-100.00%	-100.00%
Slope	—	—	—	-32.14%	-18.32%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Deferred Revenue
Avg YoY	—	—	298.05%	298.05%	298.05%
Slope	—	—	31.31%	0.44%	-7.27%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Current Liabilities
Avg YoY	4.76%	970.90%	416.17%	279.97%	182.01%
Slope	3.73%	45.67%	35.03%	50.75%	14.93%
CAGR	3.62%	287.35%	33.64%	—	-3.59%
LSR	3.62%	249.71%	42.24%	—	—
Total Current Liabilities
Avg YoY	4.76%	134.29%	389.40%	225.22%	165.09%
Slope	3.73%	39.91%	44.89%	5.88%	-16.52%
CAGR	3.62%	68.23%	—	—	-3.59%
LSR	3.62%	79.45%	—	—	—
Long-Term Debt
Avg YoY	1.57%	93.09%	44.82%	29.03%	10.78%
Slope	0.89%	31.96%	25.98%	11.30%	-3.04%
CAGR	0.86%	38.09%	11.14%	—	0.35%
LSR	0.86%	50.31%	—	—	—
Capital Lease Obligations
Avg YoY	-65.11%	1,316.93%	1,049.37%	1,049.37%	1,049.37%
Slope	-88.35%	11.32%	32.93%	27.95%	23.21%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Deferred Tax Liabilities
Avg YoY	—	—	937.10%	937.10%	937.10%
Slope	—	—	-33.25%	-1.30%	6.79%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Non-Current Liabilities
Avg YoY	-100.00%	-100.00%	-100.00%	-247.48%	-1,260,505.46%
Slope	0.00%	-50.00%	-42.42%	19.62%	21.65%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Non-Current Liabilities
Avg YoY	-0.66%	91.72%	2,889.28%	2,158.20%	1,710.69%
Slope	-1.78%	31.16%	25.94%	13.76%	1.87%
CAGR	-1.68%	38.06%	11.14%	—	0.35%
LSR	-1.68%	49.35%	81.52%	—	—
Total Liabilities
Avg YoY	-0.20%	94.39%	-7.70%	-147.74%	-135.40%
Slope	-1.30%	31.88%	71.16%	21.76%	-0.27%
CAGR	-1.23%	39.83%	13.01%	—	-0.17%
LSR	-1.23%	51.18%	—	—	—
Preferred Stock
Avg YoY	—	-100.00%	-69.62%	19.28%	1.47%
Slope	—	-100.00%	-19.13%	-10.79%	-7.15%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Common Stock
Avg YoY	-3.04%	160.67%	71.78%	45.69%	34.50%
Slope	-3.10%	-65.57%	-20.76%	-9.68%	-5.54%
CAGR	-3.04%	-44.21%	-22.56%	-15.56%	-11.23%
LSR	-3.04%	-22.68%	-30.90%	-19.04%	-12.38%
Retained Earnings
Avg YoY	3.28%	383.50%	107.01%	66.25%	3.69%
Slope	-3.08%	-48.51%	-91.53%	-20.49%	-14.05%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Accumulated OCI
Avg YoY	-62.97%	48,770.58%	21,647.55%	13,346.70%	10,200.13%
Slope	936.49%	100.58%	-70.56%	-17.38%	28.56%
CAGR	—	—	-49.38%	-5.62%	—
LSR	—	—	—	—	—
Minority Interest
Avg YoY	84.47%	-40.84%	302.26%	318.20%	298.08%
Slope	-47.13%	-73.33%	-31.65%	-2.64%	5.98%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Shareholders’ Equity
Avg YoY	3.00%	266.42%	110.98%	66.30%	66.48%
Slope	-2.83%	-22.63%	-1,332.67%	-39.58%	7.96%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Equity
Avg YoY	3.97%	280.48%	155.85%	34.56%	42.67%
Slope	-3.73%	-23.42%	-77.29%	-20.13%	278.32%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Liabilities & Equity
Avg YoY	-0.48%	92.58%	-4.31%	-448.56%	-380.84%
Slope	-2.25%	33.60%	28.27%	14.36%	2.01%
CAGR	-2.10%	50.47%	7.52%	—	-0.35%
LSR	-2.10%	58.04%	—	—	—
Tangible Assets
Avg YoY	-0.01%	101.21%	77.93%	394.59%	125.07%
Slope	-1.40%	30.71%	29.20%	11.60%	-2.89%
CAGR	-1.32%	35.24%	8.46%	31.57%	—
LSR	-1.32%	48.11%	—	—	—
Tangible Equity
Avg YoY	5.97%	102.94%	79.94%	-63.07%	-41.34%
Slope	-5.76%	-31.90%	-185.45%	-118.16%	10.64%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Tangible Book Value
Avg YoY	5.97%	102.94%	79.94%	-63.07%	-41.34%
Slope	-5.76%	-31.90%	-185.45%	-118.16%	10.64%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Total Investments
Avg YoY	-7.29%	163.12%	78.22%	53.67%	50.66%
Slope	-7.82%	33.01%	26.02%	16.74%	10.86%
CAGR	-7.41%	40.68%	21.53%	16.16%	—
LSR	-7.41%	59.91%	27.58%	13.23%	—
Net Debt
Avg YoY	1.69%	98.92%	-1,510.99%	-1,559.66%	-1,154.65%
Slope	1.03%	32.24%	25.99%	10.51%	-3.83%
CAGR	1.00%	38.02%	11.00%	—	0.28%
LSR	1.00%	51.12%	—	—	—

Capital Structure

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Working Capital
Avg YoY	-16.23%	280.35%	102.63%	37.32%	-35.27%
Slope	-28.06%	33.03%	45.28%	39.44%	-13.15%
CAGR	-22.38%	128.90%	—	25.68%	—
LSR	-22.38%	118.38%	—	—	—
Total Capital
Avg YoY	0.19%	93.62%	37.01%	45.45%	28.22%
Slope	-0.42%	31.78%	12.18%	7.02%	-3.06%
CAGR	-0.41%	38.21%	9.85%	16.73%	-0.11%
LSR	-0.41%	50.48%	9.55%	6.35%	-2.64%
Capital Employed
Avg YoY	0.51%	93.41%	137.74%	166.38%	117.91%
Slope	-0.58%	31.50%	23.44%	7.93%	-3.78%
CAGR	-0.55%	38.05%	9.52%	25.01%	0.50%
LSR	-0.55%	49.72%	37.97%	8.28%	-4.74%
Invested Capital
Avg YoY	0.26%	98.58%	39.14%	47.75%	29.86%
Slope	-0.32%	32.01%	11.99%	6.94%	-3.14%
CAGR	-0.31%	38.15%	9.73%	16.93%	-0.16%
LSR	-0.31%	51.16%	9.27%	6.30%	-2.71%

Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y
Net Income
Avg YoY	902.70%	435.28%	160.88%	109.76%	159.11%
Slope	566.69%	81.55%	-24.11%	-163.77%	-103.02%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Depreciation & Amortization
Avg YoY	-26.02%	149.71%	84.38%	38.48%	27.82%
Slope	-29.77%	28.53%	28.38%	13.08%	2.57%
CAGR	-26.03%	45.37%	—	6.47%	2.88%
LSR	-26.03%	59.78%	—	—	—
Deferred Income Tax
Avg YoY	-119.60%	-119.60%	-29.26%	-49.98%	-30.95%
Slope	-240.15%	-130.05%	-100.74%	-104.98%	16.72%
CAGR	—	—	57.43%	—	—
LSR	—	—	—	—	—
Stock-Based Compensation
Avg YoY	10.55%	10.55%	-12.55%	2.23%	-1.30%
Slope	10.05%	53.35%	35.21%	25.67%	21.20%
CAGR	10.40%	—	35.84%	27.14%	—
LSR	10.40%	—	—	—	—
Change in Working Capital
Avg YoY	92.58%	-11.35%	24.97%	-12.90%	313.83%
Slope	125.81%	-6.43%	-36.03%	-18.46%	-32.31%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Accounts Receivable
Avg YoY	82.84%	-19.62%	-150.34%	-146.03%	-112.23%
Slope	111.68%	36.83%	-12.42%	-14.46%	0.00%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Inventory
Avg YoY	—	—	100.00%	100.00%	100.00%
Slope	—	—	6.06%	-10.71%	-13.53%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Accounts Payable
Avg YoY	—	-21.01%	52.19%	168.20%	207.03%
Slope	-150.00%	-106.41%	-6.75%	17.76%	-10.93%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Working Capital
Avg YoY	103.59%	-3,729.68%	-1,381.94%	-935.98%	-517.87%
Slope	144.52%	1.12%	-33.69%	-17.05%	-32.04%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Non-Cash Items
Avg YoY	-76.83%	0.66%	34.75%	53.72%	1,520.57%
Slope	-807.32%	-88.56%	-20.78%	1.21%	63.58%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Cash from Operating Activities
Avg YoY	-2.00%	761.66%	319.08%	205.03%	148.36%
Slope	-3.10%	50.60%	14.66%	4.40%	-3.09%
CAGR	-2.92%	—	8.93%	5.45%	0.44%
LSR	-2.92%	—	—	—	—
Capital Expenditures (PPE)
Avg YoY	—	-117.40%	-29.70%	-16.72%	1.60%
Slope	—	59.35%	33.64%	23.39%	21.80%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Acquisitions (Net)
Avg YoY	-104.32%	-1,615.22%	-494.70%	-421.77%	-323.94%
Slope	-38.80%	-63.98%	13.97%	7.75%	18.40%
CAGR	67.85%	—	-13.46%	—	-14.91%
LSR	67.85%	—	—	—	—
Purchases of Investments
Avg YoY	21.43%	-141.08%	-556.61%	-470.31%	-389.50%
Slope	42.14%	-20.32%	-26.88%	-24.66%	-17.88%
CAGR	-31.26%	64.93%	18.65%	44.19%	18.79%
LSR	-31.26%	53.36%	35.23%	42.89%	—
Sales / Maturities of Investments
Avg YoY	-17.62%	4,350.51%	1,916.11%	1,403.36%	1,060.69%
Slope	-26.59%	26.68%	31.38%	31.26%	24.58%
CAGR	-21.69%	302.24%	33.13%	—	24.09%
LSR	-21.69%	214.79%	43.86%	—	—
Other Investing Activities
Avg YoY	82.81%	-1,686.11%	-727.95%	-108.23%	-87.77%
Slope	834.62%	316.99%	516.99%	27.35%	-25.22%
CAGR	—	331.45%	—	—	-11.66%
LSR	—	—	—	—	—
Net Cash from Investing Activities
Avg YoY	1,932.38%	725.28%	220.57%	-173.63%	-123.59%
Slope	358.44%	83.44%	13.50%	7.03%	19.37%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Debt Issuance
Avg YoY	-31.82%	-124.58%	-113.40%	-13.02%	-4.36%
Slope	-20.24%	-63.68%	-29.30%	-24.12%	-73.77%
CAGR	19.63%	—	—	—	—
LSR	19.63%	—	—	—	—
Long-Term Debt Issuance
Avg YoY	-31.82%	-124.58%	-113.40%	-13.02%	-4.36%
Slope	-20.24%	-63.68%	-29.30%	-24.12%	-73.77%
CAGR	19.63%	—	—	—	—
LSR	19.63%	—	—	—	—
Net Stock Issuance
Avg YoY	-3,223.67%	-1,661.84%	-654.40%	-423.34%	-28.20%
Slope	-145.62%	-98.54%	-53.95%	-52.81%	-117.11%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Common Stock Issuance
Avg YoY	—	-100.00%	-73.40%	83.20%	426.96%
Slope	—	-100.00%	-43.96%	-23.49%	-12.91%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Common Stock Repurchased
Avg YoY	-3,223.67%	-3,223.67%	-1,032.39%	-749.29%	-609.13%
Slope	-145.62%	-98.54%	-53.93%	-12.96%	7.02%
CAGR	—	—	—	—	2.44%
LSR	—	—	—	—	—
Net Dividends Paid
Avg YoY	-158.96%	-158.96%	-18.63%	-14.51%	-1.00%
Slope	-20.15%	-56.72%	-7.19%	-7.65%	-9.27%
CAGR	43.07%	—	2.32%	—	—
LSR	43.07%	—	—	—	—
Common Dividends Paid
Avg YoY	-158.96%	-158.96%	-16.02%	-11.78%	1.26%
Slope	-20.15%	-56.72%	-7.42%	-4.85%	2.69%
CAGR	43.07%	—	2.32%	—	-1.24%
LSR	43.07%	—	—	—	—
Preferred Dividends Paid
Avg YoY	—	—	100.00%	100.00%	100.00%
Slope	—	—	6.06%	-10.71%	-13.53%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Other Financing Activities
Avg YoY	58.15%	-8,599.52%	-3,807.50%	-2,649.21%	-1,906.44%
Slope	91.83%	-18.66%	3.67%	7.45%	12.63%
CAGR	-61.76%	114.29%	-11.08%	—	-12.92%
LSR	-61.76%	187.29%	-14.64%	—	—
Net Cash from Financing Activities
Avg YoY	-25.76%	-162.43%	-60.69%	-36.27%	-27.03%
Slope	-21.98%	-61.10%	-18.76%	-0.27%	9.85%
CAGR	25.46%	—	20.86%	—	-1.18%
LSR	25.46%	—	—	—	—
Effect of FX on Cash
Avg YoY	—	-55.61%	-45.98%	-29.08%	-23.47%
Slope	—	-76.49%	-36.61%	-16.91%	-12.73%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Change in Cash
Avg YoY	172.69%	20.66%	169.61%	120.90%	2,035.57%
Slope	225.45%	11.09%	-26.41%	-167.96%	-70.54%
CAGR	—	—	—	-7.74%	17.37%
LSR	—	—	—	—	—
Cash at Beginning of Period
Avg YoY	-27.33%	521.53%	244.32%	167.21%	120.03%
Slope	-35.61%	34.80%	33.90%	24.26%	15.89%
CAGR	-28.89%	119.11%	37.76%	—	12.89%
LSR	-28.89%	140.66%	48.54%	—	—
Cash at End of Period
Avg YoY	4.78%	146.92%	76.83%	47.16%	68.45%
Slope	2.68%	40.78%	34.83%	15.09%	11.01%
CAGR	2.54%	97.77%	31.59%	3.51%	13.55%
LSR	2.54%	97.59%	51.95%	12.67%	5.55%
Operating Cash Flow
Avg YoY	-2.00%	761.66%	319.08%	205.03%	148.36%
Slope	-3.10%	50.60%	14.66%	4.40%	-3.09%
CAGR	-2.92%	—	8.93%	5.45%	0.44%
LSR	-2.92%	—	—	—	—
Capital Expenditure
Avg YoY	—	—	9.35%	7.87%	20.02%
Slope	—	—	41.92%	23.67%	21.84%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Free Cash Flow
Avg YoY	-2.00%	761.66%	319.71%	211.73%	206.18%
Slope	-3.10%	50.60%	15.07%	8.28%	21.16%
CAGR	-2.92%	—	9.20%	5.45%	—
LSR	-2.92%	—	—	—	—

Free Cash Flow

Metric / Stat	3Y	5Y	10Y	15Y	20Y
EBITDA
Avg YoY	-15.28%	118.17%	47.50%	29.36%	38.52%
Slope	-16.74%	31.26%	11.98%	6.73%	0.21%
CAGR	-15.32%	48.03%	9.95%	5.00%	8.50%
LSR	-15.32%	60.21%	9.34%	4.16%	0.00%
(-) Tax Adjustment
Avg YoY	-92.72%	-96.36%	-98.18%	-73.38%	-22.57%
Slope	10.17%	52.71%	18.33%	20.71%	2.32%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Change In Working Capital
Avg YoY	92.58%	-11.35%	24.97%	-12.90%	313.83%
Slope	125.81%	-6.43%	-36.03%	-18.46%	-32.31%
CAGR	—	—	21.24%	—	—
LSR	—	—	—	—	—
Capital Expenditure
Avg YoY	—	—	9.35%	7.87%	20.02%
Slope	—	—	41.92%	23.67%	21.84%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Unlevered Free Cash Flow
Avg YoY	-17.25%	149.94%	63.89%	40.58%	-4.96%
Slope	-23.84%	28.83%	12.18%	7.66%	30.10%
CAGR	-19.94%	43.85%	9.79%	4.75%	—
LSR	-19.94%	55.82%	9.43%	5.02%	—
Net Interest After Taxes
Avg YoY	16.62%	44.42%	36.56%	9.78%	-4.16%
Slope	25.89%	-32.61%	-35.27%	-30.01%	-64.66%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Net Debt Issuance
Avg YoY	-31.82%	-124.58%	-113.40%	-13.02%	-4.36%
Slope	-20.24%	-63.68%	-29.30%	-24.12%	-73.77%
CAGR	—	—	—	—	—
LSR	—	—	—	—	—
Levered Free Cash Flow
Avg YoY	-25.36%	276.09%	125.40%	86.65%	4.64%
Slope	-33.31%	23.80%	14.14%	9.04%	19.63%
CAGR	-27.16%	25.69%	8.98%	4.57%	10.19%
LSR	-27.16%	47.25%	11.05%	6.30%	—